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INFY/N trade ideas

Infy: Chart set up and trading viewInfy - the stock is managing to hold on to gap zone levels - important support levels 1480 / 1444 / 1433 - 20 day EMA and 63 day EMA at 1562 and 1545 respectively Given the setup, one may consider to sell Infy January expiry 1460 Put option The strategy has a profit potential of 10% on Margin requirement and provides protection for a fall up to 1437.5 odd levels ( covering most of the known risk on charts) Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:INFY
by indiamarketoutlook
INFOSYS NSE:INFY Chart Pattern Identified : BEARISH WOLFE WAVE In its bearish version , the highs and lows are increasing and herald a downward reversal of an uptrend. 1) A significant maximum is formed, preferably an absolute maximum ( point 1 ) 2) The price falls and forms a minimum ( point 2 ) 3) The price rises and forms a subsequent maximum higher than point 1 ( point 3 ) 4 ) The price falls and forms a subsequent low higher than point 2 ( point 4 ). Trendlines constructed by joining points 1-3 and points 2-4 must converge. 5) Point 5 is the maximum following point 3 and must cross the trendline joining points 1-3. This means that a "false breakout" from the pattern must form. This point determines the completion of the pattern and the OPENING OF A BEAREST POSITION because according to the pattern, a new wave should form from this point and extend beyond the pattern. PRICE and TIME TARGET Following Wolfe's principle, we can set our PRICE TARGET at the point where the trendline extension passing through points 1-4 will intersect the price line . INTERMEDIATE TARGET is also set by placing it at the price level of point 4 , then we can also try to extend the final TARGET. A valuable indication of the Wolfe pattern is tempo. In fact, by extending the trendlines of the figure up to their intersection, a time target is identified, i.e. a hypothesis on the period of time necessary for the prices to meet the trendline that identifies the target price (ETA=Estimated Time Arrival ). If once you get close to the ETA point, the price hasn't reached the target, you should consider exiting the trade. STOP LOSS The stop loss should be positioned above the maximum of point 5, perhaps slightly higher.
NSE:INFYShort
by vkj123
5